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WEB.7912062.05.26
Protective makes enhancements to its Protective® Aspirations variable annuity
October 15, 2024
Enhancements include new advance payout options, nursing home withdrawal rate cap increase and new maximum daily value death benefit.
BIRMINGHAM, Ala. — (BUSINESS WIRE) — Protective Corporation, a subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750) today announced enhancements to its flagship variable annuity product, Protective Aspirations variable annuity, which is issued by its principal subsidiary Protective Life Insurance Company (“Protective”) and debuted in 2022. These new options were added to provide customers with more choices and flexibility based on their evolving needs.
"Our latest enhancements are a testament to our commitment to design products that fit the modern consumer's lifestyle and expectations. Protective Aspirations variable annuity aims to provide maximum income and flexibility for our clients,” said Aaron Seurkamp, SVP, President, Protection & Retirement. “We believe these improvements will not only address current retirement goals but also anticipate future needs, helping to ensure a more confident retirement for our customers.”
Product enhancements include:
Customers and financial professionals can learn more about Protective® Aspirations variable annuity and the newly launched enhancements by visiting www.protective.com/what-we-offer/annuities/variable/aspirations.
Protective Aspirations variable annuity is issued by Protective Life Insurance Company (Nashville, TN) in all states except New York under policy form series VDA-P-2006. SecurePay Investor benefits issued under rider form number VDA-P-6063. SecurePay Protector benefits issued under rider form number VDA-P-6061. SecurePay Nursing Home benefits issued under form number IPV-2159. Policy form numbers, product availability and product features may vary by state.
Variable annuities are offered by Investment Distributors, Inc. (IDI), the principal underwriter and distributor for registered products issued by Protective Life Insurance Company, its affiliate.
Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected lifetime income benefit, and the underlying investment options before investing. This and other information is contained in the prospectuses for a variable annuity and its underlying investment options. Investors should read the prospectuses carefully before investing. Prospectuses may be obtained by contacting PLICO at 800-456-6330.
Protective Life Corporation has helped people achieve protection and security in their lives for 119 years. Through its subsidiaries, Protective offers life insurance, annuity, asset protection and employee benefit solutions and is helping nearly 32 million people protect what matters most. Protective's more than 3,900 employees put people first and deliver on the company's promises to customers, partners, colleagues and communities – because we're all protectors. With a long-term focus, financial stability and commitment to doing the right thing, Protective Life Corporation, a subsidiary of Dai-ichi Life Holdings, Inc., has approximately $140 billion in assets, as of Sept. 30, 2025. Protective is headquartered in Birmingham, Alabama, and is supported by a robust virtual workforce and core sites in the greater Cincinnati area and St. Louis. For more information about Protective, visit protective.com.
Corporate Communications
Source: Protective Corporation
Protective refers to Protective Life Insurance Company, founded in 1907, and its affiliated companies, including Protective Life and Annuity Insurance Company.
Protective® is a registered trademark of Protective Life Insurance Company. The Protective trademarks, logos, and service marks are property of Protective Life Insurance Company and are protected by trademark and/or other proprietary rights and laws.
Life insurance and annuity products are issued by Protective Life Insurance Company, Omaha, NE, in all states except New York, where products are issued by Protective Life and Annuity Insurance Company, Birmingham, AL. Protective Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so. Variable products are distributed by affiliated broker-dealer Investment Distributors, Inc., Birmingham, AL.
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Investment and Insurance products are: NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, A BANK OR CREDIT UNION | MAY GO DOWN IN VALUE | NOT FDIC/NCUA INSURED | NOT INSURED BY ANY FEDERAL AGENCY | NOT GUARANTEED BY ANY BANK OR SAVINGS ASSOCIATION